First Bank & Trust Has $3.08 Million Holdings in TotalEnergies SE (NYSE:TTE)

First Bank & Trust cut its holdings in TotalEnergies SE (NYSE:TTE) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,435 shares of the company’s stock after selling 6,453 shares during the quarter. First Bank & Trust’s holdings in TotalEnergies were worth $3,076,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies during the third quarter worth approximately $32,000. Eastern Bank acquired a new position in shares of TotalEnergies during the third quarter worth approximately $32,000. Finally, Asset Planning Inc acquired a new position in shares of TotalEnergies during the fourth quarter worth approximately $31,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research reports. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler lowered their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Down 1.4 %

NYSE TTE opened at $60.92 on Thursday. The firm has a market capitalization of $143.85 billion, a P/E ratio of 9.15, a PEG ratio of 0.99 and a beta of 0.61. The business has a fifty day simple moving average of $57.53 and a 200 day simple moving average of $62.20. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.04%.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.